The document discusses multi-speed gearboxes used on machine tools. It explains that gearboxes provide multiple spindle speeds from a single motor speed to accommodate different workpiece materials, dimensions, feeds and cutting tools. Gearbox speed ratios can be achieved through arithmetic, geometric or harmonic progressions. Geometric progression is preferred as it provides a more optimum distribution of speeds compared to arithmetic progression. The document outlines various gearbox design considerations like structural formulas, ray diagrams, gearing layouts and speed deviation analysis. It provides examples to calculate number of teeth for gears, speeds at different stages and optimal gearbox design for given speed ratios.